Firms in monopolistic competition and oligopoly depend on some degree of brand loyalty. Which goods are able to command the most brand loyalty?

Refer to Figure 1A.1. Assume that the graph in this figure represents the demand and supply curves for women's clothing. An increase in the wage rate for seamstresses would be represented by a shift from

A) Demand 1 to Demand 2. B) Demand 2 to Demand 1. C) Supply 1 to Supply 2. D) Supply 2 to Supply 1.

Refer the above figure. Suppose the union sets the wage rate that will maximize the total income for the members who work. The total wages will be

A) W1iL4O. B) W2aL3O. C) W3bL2O. D) W3bhW1.